Anoka Home Improvement Loan

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The City of Anoka's Housing and Redevelopment Authority (HRA) currently offers low-interest home improvement financing for residents in the City of Anoka.

The guidelines below are subject to change at any time without notice. Loan funds are subject to availability.

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612-335-5884   

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About the Loan

  • No income limits.
  • Loan amounts from $2,000 to $35,000.
  • Terms up to 15 years.
  • No down payment required. 

Property Eligibility

  • Owner-occupied 1-4 unit residential properties located in the City of Anoka. 
  • Properties under construction or held in Trust are not eligible.
  • Loan approval is subject to credit and program guidelines.

Current Rates

Rate is determined by household income. Subject to change at any time. APR based on loan amount of $35,000. 

Rates starting at Term APR as low as Payment example
3% 5 years 3.507% $17.97
3% 10 years 3.263% $9.66
3% 15 years 3.18% $6.91
4% 5 years 4.511% $18.42
4% 10 years 4.267% $10.12
4% 15 years 4.185% $7.40

Calculate My Payments

Based on current rates. Qualifications apply.

Loan Details

  • Closing costs apply.
  • This loan is secured by a mortgage on your property.
  • Fixed interest rate.
  • Eligible improvements include most interior or exterior maintenance or remodeling.  
  • For do-it-yourself projects, a materials list including prices is required. The cost for labor and the purchase of tools may not be included in the loan.
  • 1 bid is required from a properly licensed contractor.
  • Funds are held in a non-interest bearing escrow account at CEE from loan closing until the work is completed and all final documentation is received.

The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or an offer to enter into an agreement, and that such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).

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Browse our other Anoka loan options.